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Author Archives: Popular Economics Weekly
December Job Formation Slipping
Popular Economics Weekly MarketWatch This MarketWatch graph gives an instant picture of December payroll formation. The consumer-driven service sector is booming with more than 154,000 nonfarm payroll jobs created in December, but 19,000 jobs were lost in the Mining and … Continue reading
Why Irrational Exuberance In A Year of Living Dangerously?
Financial FAQs Wrightson.com We are now living in a much more dangerous world, because there is the possibility of war in the Middle East that is accompanying the various trade wars waged by the “Make America Great” White House. In … Continue reading
2020—A Year of Living Dangerously
Popular Economics Weekly FRED.gov There is plenty of speculation on the effects of killing Iran’s Quds Force General Qassem Suleimani. Of course the first question is how Iran will retaliate? But terrorist attacks by its proxies, such as by the … Continue reading
Posted in Economy, Politics, Uncategorized
Tagged economic growth, economic history, Great Recession, inflation rate, interest rates, Iraq
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Today’s Very Unequal, Minimum Wage Laws
Financial FAQs nymag.com This New Year is a good time to talk about our record income inequality, in the hope that it can be improved. Because it’s the reason a minority of white male Republicans have been able to hold … Continue reading
Posted in Consumers, Economy, Keynesian economics, Politics, Weekly Financial News
Tagged Income inequality, minimum wage, republican party
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A New Year’s Wish—Greater Prosperity for All of US!
Popular Economics Weekly Although this cannot happen until results of the 2020 presidential election overturn a Republican Senate, I wish for something that President Eisenhower has said best. With higher tax rates that prevailed in the 1950-1970s, corporations in the … Continue reading
Q3 GDP Unchanged
Popular Economics Weekly FRED The Commerce Department’s final estimate of third quarter U.S. economic growth was unchanged at 2.1 percent, as strong consumer spending was offset by weaker business investment and shrinking inventories. Consumers were the difference, as they kept … Continue reading
Posted in Consumers, Economy, Weekly Financial News
Tagged consumer spending, GDP growth, LEI
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Full Speed Ahead for Housing Construction, Sales?
The Mortgage Corner Wrightson.com The ultra-low interest rates are making a difference as homebuilder sentiment is soaring along with new building permits, which should boost new and existing-home sales as well. For instance, more new homes on the market encourage … Continue reading
Why are Consumers Buying Less?
Financial FAQs Wrightson.com President Trump tweeted this morning that U.S. and China were close to a “really big deal”, and stocks rallied with the S&P up as much as 30 points and the DOW 250 points higher in early trading. … Continue reading
Posted in Consumers, Economy, Politics, Weekly Financial News
Tagged budget deficits, trade tariffs, trade war
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Why Our Endless Tariff Wars?
Popular Economics Weekly Wrightson-ICAP POTUS and the Trump administration can’t end their trade wars, although House Speaker Nancy Pelosi just announced they had reached agreement with Republicans on a new NAFTA accord with Canada and Mexico—now called the USMCA, or … Continue reading
Posted in Economy, Keynesian economics, Macro Economics, Weekly Financial News
Tagged foreign trade, labor productivity, tariff agreements, tpp, WTO
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